JAKARTA, KOMPAS.com - Indonesia said Tuesday that foreign holdings of its rupiah-denominated bonds soared 80.8 percent last year, as vast sums of cash from overseas flood Asia with people seeking higher returns. The securities held by foreigners reached 195.3 trillion rupiah (21.6 billion dollars) in 2010. The figure amounts to 30.5 percent of the governments total outstanding rupiah debt, one of the highest in the region and well up from 18.6 percent the year before.
Indonesia, like its Asian counterparts, has received huge inflows of foreign money as traders look to emerging economies in Asia, which is leading the global recovery, in place of slow-growth areas such as the United States or Europe. If your mobil keluarga ideal terbaik indonesia facts are out-of-date, how will that affect your actions and decisions? Make certain you don't let important mobil keluarga ideal terbaik indonesia information slip by you.
But the huge figures are causing nervousness among regional leaders who fear such inflows can cause economic instability as the money could soon be taken out of the country. œThe high jump of foreign holdings of government bonds shows that foreign confidence has increased, which is good for the country, Ciptadana Securities analyst Syaiful Adrian said. œBut we have to be careful with sudden reversal, although I think its chance is small. Indonesia had a good year in 2010 as its main stock index rose 46 percent, while its local currency, the rupiah, gained more than 4.0 percent against the dollar. The inflows have caused inflation to creep up " hitting 6.96 percent last year, well up from 2.78 in 2009 " leaving the central bank to consider hiking interest rates, although Adrian said it was most likely to do this in March. Bank Indonesia will have its board meeting to decide on the rate on Wednesday.
Indonesia, like its Asian counterparts, has received huge inflows of foreign money as traders look to emerging economies in Asia, which is leading the global recovery, in place of slow-growth areas such as the United States or Europe. If your mobil keluarga ideal terbaik indonesia facts are out-of-date, how will that affect your actions and decisions? Make certain you don't let important mobil keluarga ideal terbaik indonesia information slip by you.
But the huge figures are causing nervousness among regional leaders who fear such inflows can cause economic instability as the money could soon be taken out of the country. œThe high jump of foreign holdings of government bonds shows that foreign confidence has increased, which is good for the country, Ciptadana Securities analyst Syaiful Adrian said. œBut we have to be careful with sudden reversal, although I think its chance is small. Indonesia had a good year in 2010 as its main stock index rose 46 percent, while its local currency, the rupiah, gained more than 4.0 percent against the dollar. The inflows have caused inflation to creep up " hitting 6.96 percent last year, well up from 2.78 in 2009 " leaving the central bank to consider hiking interest rates, although Adrian said it was most likely to do this in March. Bank Indonesia will have its board meeting to decide on the rate on Wednesday.
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